Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.03% | +0.22 | 0.81% |
| Return on Equity (%) | ▲ | 12.99% | +2.01 | 10.98% |
| Net Interest Margin (%) | ▲ | 3.86% | +0.19 | 3.67% |
| Efficiency Ratio (%) | ▲ | 73.48% | -3.19 | 76.67% |
| Pre-Provision Profit ($M) | ▲ | $3 | +0.30 | $3 |
| Cost of Funds (%) | ▲ | 1.46% | -0.17 | 1.63% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $1,029 | +44.75 | $984 |
| Gross Loans ($M) | ▼ | $769 | -21.90 | $791 |
| Loan Growth YoY (%) | ▼ | 85.15% | -3.40 | 88.55% |
| Total Deposits ($M) | ▲ | $893 | +10.48 | $883 |
| Shareholders Equity ($M) | ▲ | $84 | +11.25 | $73 |
| Tang. Book Value ($M) | ▲ | $74 | +10.78 | $64 |
| TBV excl. AOCI ($M)** | ▲ | $81 | +12.54 | $68 |
| Loan / Deposit Ratio (%) | ▼ | 85.15% | -3.40 | 88.55% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 1.08% | +0.46 | 0.62% |
| Allowance / Loans (%) | — | 1.10% | -0.07% | 1.17% |
| Net Charge-Off Ratio (%) | ▼ | 0.92% | +0.19 | 0.72% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.11% | +0.98 | 11.12% |
Noninterest income ($2.07M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▅▆▆▇██ | Net Interest Margin (%) | 3.33% | 3.37% | 3.62% | 3.67% | 3.70% | 3.74% | 3.85% | 3.86% |
| ▁▂▆▆▇▇▇█ | Return on Assets (%) | 0.28% | 0.46% | 0.77% | 0.81% | 0.89% | 0.92% | 0.90% | 1.03% |
| ▃▃█▅▂▃▁▁ | Efficiency Ratio (%) | 75.2% | 74.9% | 79.1% | 76.7% | 74.8% | 74.9% | 73.7% | 73.5% |
| █▇▄▃▄▂▁▁ | Cost of Funds (%) | 1.99% | 1.89% | 1.71% | 1.63% | 1.67% | 1.59% | 1.52% | 1.46% |
| ▁▁▁▁████ | NPA / Assets (%) | 0.67% | 0.68% | 0.64% | 0.62% | 1.10% | 1.13% | 1.09% | 1.08% |
| ▂▂▁▁███▃ | Net Charge-Off Ratio (%) | 0.81% | 0.81% | 0.75% | 0.72% | 1.31% | 1.32% | 1.28% | 0.92% |
| ▁▁▂▂▄▅▆█ | Tang. Book Value ($M) | $61 | $61 | $62 | $64 | $66 | $69 | $70 | $74 |
| ▁▄▃▇█▇█▁ | Gross Loans ($M) | $766 | $781 | $776 | $791 | $796 | $794 | $799 | $769 |
| ▁▁▃▆▇▇█▇ | Total Deposits ($M) | $809 | $814 | $843 | $883 | $895 | $893 | $908 | $893 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 92% |
| C&I / Commercial | 5% |
| Consumer | 2% |
| Other | 1% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 20% |
| Interest-Bearing (core) | 65% |
| Brokered / Other | 15% |